Listen, Ethereum's put in a respectable bounce off that rock-solid demand zone between $2,620 and $2,700—an area that's held firm as a buyer magnet multiple times over the past few months. That reaction pushed us back above the 0.236 Fib retracement around $3,173, giving some real short-term breathing room after the brutal drawdown we've been grinding through.

But let's be straight: $ETH is still trading underneath a thick wall of resistance. We're talking a nasty confluence of moving averages and Fib levels that have capped every rally attempt so far. The structure stays bearish to neutral until we punch through it convincingly.

Right now, the key overhead supply sits at:

- $3,315 – the 50-period EMA

- $3,447 to $3,491 – where the 100 and 200 EMAs cluster, that's heavy

- $3,514 – the 0.382 Fib

- And the big one: $3,790 – the 0.5 Fib midpoint, the real line in the sand for any trend flip

Until we get a strong daily close above $3,790, this is just a relief rally inside a larger correction. No confirmed reversal yet.

If the bulls manage that breakout, the path clears to:

- $4,065 – 0.618 Fib

- $4,457 – 0.786 Fib

- And eventually back toward the prior major high around $4,956

On the flip side, as long as we stay above $2,620-$2,700, the rebound setup holds water. Drop the $3,100-$3,000 area though, and things get ugly quick—straight retest of the demand zone, with a break there opening $2,400-$2,300 macro support.

RSI on the daily is sitting right around 48—dead neutral. We need it pushing and holding above 55 to show real bullish momentum building. Anything rejected below 45, and sellers take back control fast.

Bottom line: solid recovery from a proven zone, but capped hard by that $3,300-$3,800 supply wall. Need a decisive push and close above $3,790 to flip the script bullish. Until then, we're in corrective mode with downside risk if the lower supports crack.

Trade the levels, respect the structure. 🚀#WriteToEarnUpgrade #ETH #ETHInstitutionalFlows #LearnWithFatima #BinancevibeswithBossy @Ethereum World News @Binance Labs